Articles on Carbon price

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If we don’t meet renewable energy targets electricity prices may go up. Flickr/Chaddles

Renewables will reduce electricity costs – if we have a carbon price

Kevin Rudd’s move to cut the carbon price and move to an emissions trading scheme is meant to ease the cost of living. Meanwhile the Coalition would like us to drop carbon pricing and trading altogether…
Cheap emissions permits means industry hasn’t traded in its polluting ways. David Davies/PA

Permits to pollute can be bought too cheaply

When the carbon price collapsed to below €3 in April this year, EU policymakers sought to prop up carbon prices by a deal that would delay the release of carbon allowances (known as “backloading”). This…
We’re comfortable buying things we can touch, but we can get used to a market in intangibles. Jeremy Brooks

Can there be a ‘free market’ in carbon?

Many are puzzled by the political theory of carbon markets. Why does the Institute for Public Affairs – a libertarian think tank – oppose a market in carbon? Tim Wilson, for example, thinks that private…
Over a million Australians are now green electricity generators: how much difference will the shift to an ETS make? Heidi Blanton

From fixed price to ETS: the complications of reducing emissions

There is little doubt that Kevin Rudd’s plan to bring forward international linking and trading of emission permits is a smart political move. It removes a key option for Tony Abbott. Now Mr Abbott is…
Reducing emissions with a trading scheme rather than a tax can be risky business. Brian Yap

Emissions trading schemes are fraught territory: is Rudd ready?

Prime Minister Kevin Rudd has told Australia we’re shifting to an emissions trading scheme one year earlier than anticipated, with Treasurer Chris Bowen suggesting it will address “cost of living pressures…
One year on, what difference has the carbon price made? AAP Image/Alan Porritt

Is carbon pricing reducing emissions?

Australia’s carbon pricing mechanism has been vilified by the Federal Opposition and certain members of the business community, but it is a key part of Australia’s response to climate change. So one year…
Reducing carbon pollution has bi-partisan support. It wouldn’t hurt to re-open debate on the method. takver/flickr

Switching carbon from fixed price to ETS: should Rudd do it?

Carbon pricing has helped to destroy three political leaders - Malcolm Turnbull, Kevin Rudd and Julia Gillard - since 2009. Why would a re-minted Prime Minister Rudd want to touch such a poisoned chalice…
The Federal Budget has attempted to fill a A$6 billion revenue hole left by the collapse of the EU carbon price - but has cut into renewables as a consequence. John Goodridge

Budget defers renewable energy development when it’s needed most

The decision to link the Australia’s carbon price to the European Union emissions trading scheme has wiped A$6 billion from the federal budget. Treasurer Wayne Swan has dealt with that loss of revenue…
Both sides of politics need to take the carbon tax fight to the election. Flickr/Leonard John Matthews

Why Labor should fight the 2013 election on climate change

If climate change features prominently in the federal election campaign, it will almost certainly be driven by the Coalition. Under Tony Abbott, the Coalition has long smelled blood in the water on climate…
A carbon bank would reduce the risk of the carbon price crumpling. Niall Glynn

Learning from Europe’s carbon price crash: we need a carbon bank

The dramatic fall in Europe’s carbon price in April led to claims emissions trading had failed as a model for addressing climate change. While the low EU price is problematic for the EU and Australia (by…
But that’s exactly what investors are doing, says a new report. Takver/Flickr

‘Unburnable’ fossil fuels set to leave investors stranded

Investors are continuing to pour money into fossil fuel reserves that could end up being worthless due to efforts to combat climate change, a new report has found. The Climate Tracker report found that…
By agreeing to work with China on climate change, the Australian Government has further entrenched the carbon price. AAP Image/Office of the Prime Minister

Thanks to China, our carbon price is here to stay

A recent agreement between Australia and China to cooperate on climate change could be a tipping point that makes the Coalition’s pledge to repeal the carbon price unachievable. Under the agreement, Australia…
China’s people and politicians are keenly interested in reducing emissions: what can we learn from each other? EPA/Wu Hong

China can learn from Australia when it puts a price on carbon

China’s political commitment and ambition on climate change allow it to take global leadership. Australia is well placed to provide guidance on suitable policy approaches, sharing its experiences with…
The writing may be on the wall for Labor’s carbon policy, but that doesn’t mean the states should give up. Flickr/bk2204

States of decay: complementing the federal carbon policy

In a survey last year of 22,812 people across 22 countries (including Australia), the polling organisation GlobeScan found that environmental concerns had fallen worldwide since 2009, and fewer than one…
Despite regulatory uncertainty, business in the US and Australia is responding to climate change. Flickr/KateAusburn

Global business responses to climate change: Where to now?

Despite the widespread scientific consensus regarding anthropogenic climate change, ideological rhetoric dominates the global political discourse. This is preventing the development of clear policy frameworks…
The Australian Government and European Union have laid out the first links between our emissions trading schemes. Phillipe Put/Flickr

Linking to Europe’s ETS: how to make it work

Yesterday the Department of Climate Change and Energy Efficiency released its draft regulations and a consultation paper, setting out the details on linking the EU Emissions Trading System (“EU ETS”) and…

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